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IT services News
Mindtree CEO Debashis Chatterjee speaks on geopolitical developments affecting business
Wed, Aug 17, 2022
Asked how the global tech budgets will fare in coming quarters given high inflation and macroeconomic worries, Chatterjee said macroeconomic and geopolitical developments are unlikely to turn back or stall business-critical tech modernisation.
TCS eyes big expansion in UK, Europe; signs multi-million dollar deal with Marks & Spencer
Wed, Jul 27, 2022
The country's largest software exporter on Wednesday announced a multi-year, multi-million dollar deal with Marks & Spencer, with which it has been working for over a decade, to transform the British retailer's human resource operations.
HCL Tech opens new global delivery centre in Vancouver
Fri, Jun 24, 2022
The centre will "significantly" expand the company's presence in the country to serve clients primarily in the hi-tech industry, HCL Tech said in a statement.
Technical Check: This large-cap pipe company inches closer to breakout; see fresh 52-week high in 6-9 months
Thu, Jan 06, 2022
Astral Ltd is an Indian multinational conglomerate headquartered in Ahmedabad rose 86 per cent in the last year compared to 26 per cent gains seen in the Nifty50.
Zuper raises USD 1.1 mn funding from Prime Venture, Gunderson Dettemer, Gemba Capital
Fri, Sep 18, 2020
Zuper, a platform for intelligent workforce management, on Thursday said it has raised USD 1.1 million (about Rs 8 crore) in seed funding led by Prime Venture Partners
Cognizant to give two-third of India staff 25 pct extra payment over base salary for April
Fri, Mar 27, 2020
IT firm Cognizant on Friday said it will give employees who are at associate level and below in India and the Philippines, an additional payment of 25 per cent of base pay for April, in recognition of their extraordinary continuity-of-service efforts amid the COVID-19 outbreak
We have total contract value of $5.9 billion: N Ganapathy Subramaniam, TCS
Mon, Jan 14, 2019
N Ganapathy Subramaniam (NGS), Chief Operating Officer, TCS, and Ajoy Mukherjee, EVP and Head, Global Human Resources, TCS, during an interview with Zee Business, spoke about the growth drivers, hiring and attrition, growth momentum and investment in skill development.
Infosys to create 1,200 jobs in Australia, to set up 3 innovation hubs
Thu, Nov 22, 2018
Infosys said this approach provides the company with a strong foundation to meet rising demand for expertise in areas like machine learning, artificial intelligence (AI), user experience, cyber security, digital platforms, big data and cloud. "Today marks an important milestone for our company in our 20 year journey in Australia," Pravin Rao, Chief Operating Officer at Infosys, said.
Ghosting crisis at companies: Selected candidate not joining is HR's nightmare
Thu, Sep 20, 2018
‘Ghosting’, wherein potential employees simply vanish after an initial dialogue with a company, is a growing issue in India Inc and leads to lost projects, delays in business delivery and wastage of man-hours.
HCL Tech Q3 net profit up 6% to Rs 2,194 crore
Fri, Jan 19, 2018
The Noida-based firm had posted a net profit of Rs 2,070 crore in the year-ago period, it said in a statement.
IT spending in India to cross $87 bn in 2018
Tue, Nov 14, 2017
"The IT buying landscape is changing. Digital business transformation is creating connected platforms and new industry revenue streams," Gartner India Managing Vice President Ganesh Ramamoorthy said.
Most Valuable Brands: Tata's value falls but remains perched at top; Micromax struggles
Thu, May 18, 2017
Value of top Indian brands increased 15% in 2017, ahead of the global average of 11%. Brand Finance List features some surprises in its 2017 brand evaluation that puts Tata's brand on top and IT services that performed well despite of backlash of of H1-B visa fiasco and job cuts.
Govt IT spending in India to grow by 9.5% in 2017
Mon, Feb 13, 2017
The government spending on software is expected to grow the highest in 2017 as it is expected to reach $1 billion.
Demonetisation to push IT spending of banking and securities firms to $8.9 billion in 2017
Fri, Feb 10, 2017
IT services will grow the fastest at 13.8% in 2017, as firms in the banking and securities industry invest more in business processes, specifically in business process outsourcing.
India's IT, Auto, Pharma sectors may face brunt of Trump's border tax
Mon, Jan 30, 2017
If Border Tax Adjustment (BTA) brought into effect, there are some Indian sectors like IT services, Textiles, Healthcare and Auto that will be impacted as they might face higher competition from domestic US companies and see rise in cost of their products.
Global IT spending forecast to grow by 2.7% in 2017: Gartner
Thu, Jan 12, 2017
The over IT spending in 2017 is expected to grow to $3.5 trillion from $3.37 trillion in 2016.
IT spending in India to reach $72 billion in 2017: Report
Wed, Nov 16, 2016
Software and IT services spends are expected to be the key drivers of this growth in the IT sector.
Global IT spends to rise to $1.25 trillion by 2017: Report
Tue, Nov 08, 2016
T services, for instance, will see a 4.1% growth in 2017 from a 3.8% growth expected in 2016. While software spending will grow by 6.8% in 2017 from 6% growth in spends in 2016.
Brexit to impact global IT spending in 2016: Report
Wed, Oct 19, 2016
While this growth may be good, the IT spending may see the impact of Brexit as many companies remain cautious and as a result have made changes in the investment.
IT services spend to touch $ 7.2 billion this year, Gartner says
Mon, Oct 03, 2016
Government of India’s total expenditure on IT products and services is estimated to be $7.2 billion in 2016, according to Gartner Inc.